The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-15

last year, shows large increase. The total
business for NAV was st2c ,010. or 10 per cent,
increase over Way, isss. The Increase In
.onn was IS 900, uwinR TO new eonnec.
th on i 70 NE West tho p.sssassr bust s Of
sne hsh.sills and spsrtsnbure road has in
The report from Ell PAso thst the
Tex. and Pacific has sold its right Of way
In that city and abandoned IT. contemplated
improvements is denied by Gov. Sheldon,
who says: Some negotiations have taken
plaee .or inc sale OF pieces OF ground rot q
any buildings which may be- hereafter
erected. The track 10 tho santa 70 reserya-
ZION ana TO the river has been ordered built,
now"
"ALraekrHsR," says the RailUay Age,
"ihs financial outlook Of our railways, as
indicated BY the weekly and monthly rc-
port' of their earnings, as we'll as By the
general condition Of the country, |, oncour-
aging, and there is every reason to believe
that the black and disgraceful records Of
bsntruptcy through which during the past
twelve and hslt yea ., "a our hles show,
no less than @a roads, with q mileage ofover
Ss,Vu miles and representing Q nominal
capital stock and bonded debt sgsregeting
the vast sum OF almost sl,Si0,000 200 have
be 70 Gated"
Hou TON, Tex, special 10 the 81.
Louis Reps blican; Tho Texas railroads
are just new engaged In an amin ated war Of
freight rates. II was inaug Grated yesterday,
or At least thcre seems 10 have been q com
mon understanding entered into at the late
meeting at New Orleans that tho members of
the association would engage in free 6sht
on freight rates. II ha, been known for some
time that thore were differences existing
among the lines form NIX tho Texas Traffic
Asso .iation in regard to rates out Of st.
Loui'. Kansas City, and other Missouri
points TO Texas points, and In fact Il has
Orleans papers that tho Atchisou was the
refracto Y member thai refused 70 como to
terms. Tho'e seems to be u lively cut on
rates on Hour out OF st, Louis, and In fact
the cut SEGA to ca brace almost evo-y kind
points KIN wing that he Iexss
Traffic Association had just held
meeting In New 0rle ms, a.
these cuts came Immediately upon adjourn
ment, tho correspondent called upon Maj.
" hiuVt VI huo httuClAtlOOs TO
asc,rtais what eject, IL any, such q state of
adai had upon the association. Nal. Wal
do kindly consented TO give whatever in
formation IN relation to tho natter could
bc OF interest to the public. The Traffic
AZ oct alton, he 'aid, as an organization, was
,tiil int ct. and had no, been affected,
here were some discussions among the
men berp, which had caused this ,tato OF
aralrs- IL might last for thirty days and II
might not last so long The mem oers Of the
association, he said, like the mem bers OF
any other organisation, had, sometimes, DIFF
ferences Of opinion which took long or
short time 10 hArmsniie, according 10 cir
cumstsnoes. IL 10 we'll understood, how
ever, and the imp tession prevails, from Com.
missioner WaldO's remarks, that tho whole
trouble ,eons TO hinge on the introduce
ton OF the foreign elements, especially tho
htchison, Topeka and santa 20 road into
the pool. The Houston and Texas Central
road, In anticipation OF the cut In freisht
rates iron 81. Louis and Kansas City and
other points outside 10 common points In
Texas, have issued rates which, tahlng eject
tomorrow, will DO 20 per cent. less than the
last cut, thus giving protection TO Galveston
and Houston merchants against foreign
shippers, and lively fight 10 looked for and
the Texas merchants arc elAted."